Asia
Binjiang Real Estate Buys Land for 2.61 Billion Yuan
Hangzhou Binjiang Real Estate (SHE:002244) acquired a land use rights for 2.61 billion yuan, according to a Shenzhen bourse filing on Wednesday.The company bought the land parcel, which has a land area of 32,789 square meters, through a consortium formed by its subsidiary, Hangzhou Binyao Real Estate Development, and Hangzhou Zheji Real Estate.The real estate developer's shares jumped 5% at the close.
SHE:002244
